China Electric Vehicle Battery Anode Market Size and Share
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 4.64 Billion |
| Market Size (2030) | USD 7.46 Billion |
| CAGR (2025 - 2030) | 9.95% |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Electric Vehicle Battery Anode Market Analysis by Mordor Intelligence
The China Electric Vehicle Battery Anode Market size is estimated at USD 4.64 billion in 2025, and is expected to reach USD 7.46 billion by 2030, at a CAGR of 9.95% during the forecast period (2025-2030).
- Over the medium period, supportive government policies and investments in battery manufacturing and the decreasing price of lithium-ion batteries are expected to drive the market in the forecast period.
- On the other hand, high production cost for anode materials is expected to restrain market growth in the future.
- Nevertheless, the ongoing research and advancement in anode material and efficient electrolytes may offer opportunities for market growth.
China Electric Vehicle Battery Anode Market Trends and Insights
Lithium-ion Battery Type is Expected to Have a Major Share
- Initially, lithium-ion batteries primarily powered consumer electronics, including mobile phones and personal computers. However, their application has broadened significantly, making them the dominant power source for hybrid and fully electric vehicles (EVs) in China. This transition is primarily driven by the environmental advantages of EVs, which emit no CO2, nitrogen oxides, or other greenhouse gases.
- Due to their high energy density, cost-effectiveness, and efficiency, lithium-ion batteries have become the preferred choice for electric vehicles (EVs). This growing adoption has spurred a rising demand for anode materials during the manufacturing process.
- Further, the decreasing cost of lithium-ion materials is also a significant reason for the increasing demand for lithium-ion battery manufacturing for electric vehicles. In 2023, the price of lithium-ion battery packs decreased by 14% compared to the previous year to USD139/kWh. As battery prices drop, EVs become more affordable, increasing adoption and a larger market share for electric vehicles. This surge in demand will drive higher consumption of battery components, including the anode, and encourage technological advancements to improve battery performance.
- In the future, as technological innovations enhance the efficiency of lithium-ion batteries in electric vehicles, the demand for anode materials is projected to rise simultaneously.
- For instance, in April 2024, Contemporary Amperex Technology Co., a Chinese electric vehicle manufacturer, launched a lithium iron phosphate (LFP) battery for electric vehicles. The new battery has an energy density of 205 Wh per kg, almost 8% higher than the current state of the art for such batteries. Such developments are expected to boost the demand for EV lithium-ion anode materials in the forecast period.
- Additionally, as per Automotive Industry Green and Low-Carbon Development Roadmap 1.0 developed under the supervision of China’s Ministry of Industry and Information Technology, electric car sales in China for passenger new energy vehicle (NEV) is expected to reach a 50% share by 2025. Such roadmaps are expected to raise a futuristic oppotunity for EV anode manufacturing too in China.
- Thus, owing to the increasing use of lithium-ion batteries in electric vehicles and decreasing prices, the lithium-ion battery anode segment is expected to grow significantly in the forecast period.
Government Policies and Investments Towards Battery Manufacturing is Expected to Drive the Market
- A combination of supportive government policies and significant investment in battery production drives China's EV battery manufacturing, which, in turn, is expected to boost the demand for electric vehicle battery anodes. The government offers direct financial support, tax incentives, and subsidies, reducing manufacturers' costs and encouraging investment in advanced equipment. Manufacturers of electric vehicles in China benefit from government subsidies. For instance, all-electric plug-in cars boasting a range exceeding 400 km qualify for a subsidy of RMB 12,600 (around USD 2,000). Meanwhile, those ranging between 300 to 400 km receive a subsidy of RMB 9,100 (approximately USD 1,400).
- Further, the country's increasing demand for electric vehicles is fueling investment in electric vehicle battery manufacturing projects, thereby creating a potential need for electric vehicle battery anode materials. According to the International Energy Agency, in 2023, the demand for electric vehicle batteries in China accounted for 417 GWh, up from 314 GWh last year.
- Moreover, rising electric vehicle sales are motivating battery manufacturing companies to invest more in EV battery production, thereby creating demand for EV battery anode materials. According to the International Energy Agency, in 2023, the country's total EV car sales accounted for 8.1 million, higher than 5.9 million in 2022.
- In the future, the demand for EV battery anode materials is expected to increase as the country rushes towards manufacturing electric vehicles, and investments are expected to grow in EV battery manufacturing. For instance, in May 2024, China announced to invest 845 USD million to develop next-generation battery technology powering electricl vehicles. Such investments will boost the demand for electric vehicle battery manufacturing in the forecast period.
- Thus, supportive government policies and investments in battery manufacturing are expected to drive the market.
Competitive Landscape
The China electric vehicle battery anode market is semi-fragmented. Some of the major players in the market (in no particular order) include Shanghai Shanshan Technology Co., Ltd., BTR New Material Group Co., Ltd., Jiangxi Zhengtuo New Energy Technology, Mitsubishi Chemical Group., and LG Chemical Group.
China Electric Vehicle Battery Anode Industry Leaders
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Shanghai Shanshan Technology Co., Ltd.
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BTR New Material Group Co., Ltd.
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Jiangxi Zhengtuo New Energy Technology
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Mitsubishi Chemical Group.
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LG Chemical Group
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2024: GAC has unveiled solid-state batteries equipped with high-loading silicon anodes. The company asserts it has significantly reduced the extreme volume changes of these anodes during electrochemical reactions. This breakthrough is vital, as these fluctuations can harm solid electrolytes and often shorten the battery's overall cycle life.
- January 2024: Chinese automotive giant BYD has begun constructing a sodium-ion battery facility in Xuzhou, China, with an ambitious annual capacity of 30 gigawatt-hours (GWh). The primary focus of these batteries will be to power electric vehicles (EVs), especially micro vehicles and scooters. This strategic move is expected to significantly elevate the demand for battery anode materials throughout the country.
China Electric Vehicle Battery Anode Market Report Scope
An electric vehicle (EV) battery anode is one of the two main electrodes in a battery, the other being the cathode. In the context of EV batteries, which are typically lithium-ion batteries, the anode is usually made of graphite.
The China electric vehicle battery anode market is segmented by battery type and material. By battery type, the market is segmented into lithium-ion batteries, lead-acid batteries, and others. By material, the market is segmented into lithium, graphite, silicon, and others.
For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).
| Lithium-ion |
| Lead-Acid |
| Other Battery Types |
| Lithium |
| Graphite |
| Silicon |
| Others |
| Battery Type | Lithium-ion |
| Lead-Acid | |
| Other Battery Types | |
| Material | Lithium |
| Graphite | |
| Silicon | |
| Others |
Key Questions Answered in the Report
How big is the China Electric Vehicle Battery Anode Market?
The China Electric Vehicle Battery Anode Market size is expected to reach USD 4.64 billion in 2025 and grow at a CAGR of 9.95% to reach USD 7.46 billion by 2030.
What is the current China Electric Vehicle Battery Anode Market size?
In 2025, the China Electric Vehicle Battery Anode Market size is expected to reach USD 4.64 billion.
Who are the key players in China Electric Vehicle Battery Anode Market?
Shanghai Shanshan Technology Co., Ltd., BTR New Material Group Co., Ltd., Jiangxi Zhengtuo New Energy Technology, Mitsubishi Chemical Group. and LG Chemical Group are the major companies operating in the China Electric Vehicle Battery Anode Market.
What years does this China Electric Vehicle Battery Anode Market cover, and what was the market size in 2024?
In 2024, the China Electric Vehicle Battery Anode Market size was estimated at USD 4.18 billion. The report covers the China Electric Vehicle Battery Anode Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the China Electric Vehicle Battery Anode Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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China Electric Vehicle Battery Anode Market Report
Statistics for the 2025 China Electric Vehicle Battery Anode market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Electric Vehicle Battery Anode analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
